BOSTON — June 1, 2020 — BitSight, the Standard in Security Ratings, today announced several new, innovative capabilities within its BitSight for Third-Party Risk Management solution that provide intelligent recommendations, operational guidance, and risk prioritization to enable more effective third-party cyber risk management. The enhanced platform helps organizations achieve greater operational efficiency and measurably reduce risk across their extended business ecosystem.
“Third-party ecosystems are expanding rapidly and organizations of all shapes and sizes struggle to create effective risk management programs,” said Dave Fachetti, executive vice president of strategy. “These enhancements will help our customers clearly understand and prioritize their portfolio of third-party risk and seamlessly integrate BitSight into their programs, resulting in reduced risk and improved operational efficiency.”
BitSight surfaces actionable insights from the industry’s broadest and deepest collection of security performance data and provides intelligent recommendations and guidance based on the largest customer base and most engaged network of users. The new BitSight for Third-Party Risk Management enhancements include the following:
BitSight is hosting two virtual “Third-Party Risk Xperience” events introducing the new capabilities and featuring interactive discussions led by industry experts on how organizations can reduce risk and operate their third-party risk management programs more efficiently. Customers are invited to attend an exclusive customer-only event on June 2, 2020. Everyone is invited to attend an event on June 23, 2020, and they can sign up by visiting here.
BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.